According to iSeeCars, an automotive research firm, not only is the Jeep Wrangler the lowest depreciating vehicle, it also boasts the lowest CPO premium of all vehicles.
What is CPO premium? It’s the price difference between a CPO (Certified Pre-Owned) and equivalent non-CPO used cars. Basically, the lower the CPO premium, the less you’re paying for the benefits that come with CPO warranty. While the JL Wrangler is still too new to benefit from this, the time will come when there are certified preowned Jeep JL for sale.
According to the study: “The average CPO vehicle costs 3.6 percent more than its non-CPO equivalent, and consumers are faced with deciding if the terms of the warranty and certification are worth the added cost,” said iSeeCars CEO Phong Ly. “However, certain models have significantly lower-than-average CPO premiums that can bring peace of mind to used car buyers for just a few hundred dollars more.” The car with the lowest overall premium is the Jeep Wrangler Unlimited at 1.6 percent, which adds an average of $523 to the average non-certified used version. Read more inside.